Yes, increased prices and noticeable degradation in service levels whether that is face to face or on the telephone.
Three examples from the UK that make Pinocchio look like he has a short nose:
Petrol (gasoline) Up from about £1.10 per litre to £1.39 per litre in a few months (+26%). We do get more litres to the gallon than the US, but the current rack rate is about $1.89 / litre or about $7.20 per US gallon.
Electricity and gas. Our electricity just went up this week from about £0.16 / kWh to £0.24 / kWh. That is not just our provider. It is across the board. It was £0.12 last year. That is a 100% increase. In US terms that is $0.32 / kWh. At least we measure electricity the same way in kWh.
Small TV. This is anecdotal but when I go to Tesco out of town superstore, I always glance at the price of the lowest cost small TV. These had been going down in price for the past decade from about £180 to £100. Now about £125. Not accurate, but an indication of increased price of imported goods. About a 25% increase.
So when you get 0.1% per year interest on cash deposit in your bank account, a 2% yield on large cap shares, and your fiat costs for fuel just went up by between 26% and 100%, I’m not convinced that the published inflation rates of 2% to 3% per year are anything other than fake news.
I used to read a lot on shadowstats.com - but I think there is less there than before without subscription.
I recently just read you guys are having gas shortages there too! Crazy.
This worries me. Just got gas yesterday and per gallon was something like $3.4. This will for sure be passed on to the consumers. Thinking about trucks and all that.
Pop - in UK gas means gas for home heating etc, whereas gas in US means petrol (motor fuel) in UK - weird I know but bottom line is no shortage of gas (lpg) in UK just high prices
Gas (petrol) is heavily taxed in UK unlike US - cost per gallon (litre) is roughly 30% liquid, 70% tax.
Now to smoking - around 80% of cost of a cigarette is tax in UK - so mostly we pay tax on the exhaust smoke from our cars and from the cigar puffers
That’s an interesting question. Actually, the wages here where I live are not high enough for me and the currency is weaker than previous years. That’s why I spend so long looking for jobs because I demand a high enough wage.
Btw, the UK is talking about bringing in trained butchers from abroad to fill in the vacancies in the animal farms. Well, there are already plenty of trained butchers in the UK. I’m talking about the criminals that keep stabbing and shooting people in the streets. "joke"
Same as my experience in the UK. The price of fuel is the biggest indicator for sure and one that we are all seeing with it being a big enough hike in the wholesale price that it is putting companies out of business right left and centre. Less competition leads to more mark up from those that survive.
Gas, meats specifically, groceries in general. But going to the store to buy gym clothes, everything seems more expensive. Like $50 for a dry fit short sleeve shirt. $35-40 for some shorts. Expensive!
The answer is yes!
In my hometown, you just needed 1$ to buy 10 chicken eggs, now you need almost 2$. Many other things have doubled, I don’t know because I just send mom money everymonth, but my mom seem is whining about her remaining money after deducting My family’s monthly market.
Definitely so. Noticed gas prices first. It went from around $32 to $48 to fill up my car and even more than that for my husband’s truck. His job gave him a $2 raise so that he’s making $23 an hour, but we actually see less of that money because of the increases.
I live in Alabama and there are also reports that home prices are going to skyrocket. I paid $1200 for an apartment back in 2019, so I can only imagine how high rent and mortgage payments will go. This is also a state where the minimum wage is still $7.25 per hour.
Reports are also saying that grocery prices are going to go up as well, but I haven’t noticed that as much yet. Definitely not enjoying the inflation these days.
